Oil Rises a Second Day on U.S. Economic Optimism; China Data
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Crude advanced for a second day in New York on expectations fuel demand will climb in the U.S. and China, the world’s largest oil-consuming nations.
Futures gained on forecasts that retail sales probably rose in the U.S. for a second month. China’s oil refiners raised processing runs 7.2 percent in August from a year earlier. Prices advanced the most in six weeks on Sept. 10 as China increased imports of crude and after a pipeline that carries Canadian oil to refineries in the U.S. Midwest was shut.